What is ethereum and how does it differ from bitcoin?

What is ethereum and how does it differ from bitcoin?:

  • The first is that ethereum allows for “blocks”, the records of cryptocurrency transactions, that can be created much more quickly than bitcoin.
  • While bitcoin has been more widely adopted by online retailers and even some physical stores, ethereum’s fans believe its efficiency makes it better for transactions, rather than storing value.
  • Bitcoin’s appeal lies in money that is not controlled by any one party and does not have to run through a central server, but ethereum allows not just money, but all sorts of other things to run on the network.
  • A number of apps are being built on Ethereum, and the network is also being used by start-ups to raise money with initial coin offerings, which exchange ether or other currencies for special “tokens” that grant access to a service.
  • The price of ethereum has climbed more slowly than bitcoin since it launched, holding steady at around $10 for the first 18 months.

Ethereum is a rising star of the cryptocurrency world.
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Microsoft Unveils Technology to Speed Up Blockchain and Its Adoption

  • NEW YORK — Microsoft Corp is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises.
  • The company said on Thursday that it had developed a system called Coco Framework, which connects to different blockchain networks to solve some of the issues that have slowed down their adoption, including speed and privacy concerns.
  • Coco, whose names stands for Confidential Consortium, will be ready and made open source by 2018, Microsoft said.
  • It is currently compatible with Ethereum, one of the most popular types of blockchains and can make it roughly 100 times faster, Microsoft said.
  • “We expect this to be the foundation for blockchain for enterprise,” Mark Russinovich, chief technology officer of Azure, Microsoft’s cloud computing division, said at a press briefing.

Microsoft Corp is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises.
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Microsoft unveils technology to speed up blockchain and its adoption

Microsoft unveils technology to speed up blockchain and its adoption $MSFT

  • REUTERS/ Mike Blake/File Photo

    NEW YORK (Reuters) – Microsoft Corp (MSFT.O) is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises.

  • The company said on Thursday that it had developed a system called Coco Framework, which connects to different blockchain networks to solve some of the issues that have slowed down their adoption, including speed and privacy concerns.
  • It is currently compatible with Ethereum, one of the most popular types of blockchains and can make it roughly 100 times faster, Microsoft said.
  • “We expect this to be the foundation for blockchain for enterprise,” Mark Russinovich, chief technology officer of Azure, Microsoft’s cloud computing division, said at a press briefing.
  • Microsoft’s technology would make it easier for firms to control who can see what on a network without making the system slower.

Microsoft Corp (MSFT.O) is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises. Coco, whose names stands for Confidential Consortium, will be ready and made open source by 2018
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What is ethereum and how does it differ from bitcoin? 

What is #Ethereum?  

 #fintech @cjmcgoogan @TelegraphTech #bitcoin #blockchain

  • The technology it runs on is called ethereum, which was first described by 19-year-old bitcoin programmer Vitalik Buterin in 2013.
  • Buterin envisaged ethereum as an improvement on bitcoin.
  • Like bitcoin, it is a decentralised payment network, with its own cryptograpic currency, that allows anonymous payments to be sent across the internet without the need for a bank or other third party.
  • As the second-biggest cryptocurrency after bitcoin, ethereum has inevitably drawn comparisons to it.
  • But advocates say ethereum has several advantages over bitcoin that make it more useful.

Ethereum is a rising star of the cryptocurrency world.
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Blockchain technology is moving into the financial mainstream with IBM and seven European banks

  • IBM is building blockchain technology that will be used by seven of Europe’s largest banks, including HSBC and Rabobank, to facilitate international trade for small and medium-size enterprises, the company said on Tuesday.
  • The project will mark one of the first real-world use cases of blockchain technology in financial institutions.
  • The potential of blockchain has been praised by the banking industry over the past couple of years, but the first real applications are beginning.

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
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Digital currency ethereum crashes below $200 to hit 40-day low; down 50 percent since all-time high

  • Ethereum’s price slipped below $200 for the first time since May 30, continuing its fall for a second consecutive session on Tuesday.
  • The cryptocurrency has now fallen more than 50 percent since registering all-time highs of over $400 in early June.
  • The cryptocurrency saw significant fluctuations throughout the trading session on Tuesday, recovering from heavy losses in early morning deals to trade 11 percent lower at $198.14 shortly before 4 p.m. London time.
  • Both ethereum and bitcoin have hit record highs in recent months, with the latter moving almost 1 percent higher on Tuesday trading at $2,393, according to Coindesk.
  • Like bitcoin, ethereum is a cryptocurrency built on blockchain technology.

Ethereum’s price slipped below $200 for the first time since May 30, continuing its fall for a second consecutive session on Tuesday.
Continue reading “Digital currency ethereum crashes below $200 to hit 40-day low; down 50 percent since all-time high”

Digital currency Ethereum crashes below $200 to hit 40-day low; down 50 percent since all-time high

  • Ethereum’s price slipped below $200 for the first time since May 30, continuing its fall for a second consecutive session on Tuesday.
  • The cryptocurrency has now fallen more than 50 percent since registering all-time highs of over $400 in early June.
  • The cryptocurrency saw significant fluctuations throughout the trading session on Tuesday, recovering from heavy losses in early morning deals to trade 11 percent lower at $198.14 shortly before 4 p.m. London time.
  • Both Ethereum and bitcoin have hit record highs in recent months, with the latter moving almost 1 percent higher on Tuesday trading at $2,393, according to Coindesk.
  • Like bitcoin, Ethereum is a cryptocurrency built on blockchain technology.

Ethereum’s price slipped below $200 for the first time since May 30, continuing its fall for a second consecutive session on Tuesday.
Continue reading “Digital currency Ethereum crashes below $200 to hit 40-day low; down 50 percent since all-time high”